No rate cut

MrDODGE · Aug 16, 2007

According to this Bloomberg article

http://www.bloomberg.com/apps/news?pid=20601087&sid=awakYl82IF3Y&refer=home

"There's no way the Fed is going to reduce interest rates before the meeting'' - William Poole

Sparohok · Aug 16, 2007

That quote is from <i>former</i> Fed Governor Lyle Gramley, not Bill Poole. No sitting FOMC member would tie their own hands like that.

Martin